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SIX Swiss Exchange has reported a year-on-year increase in trading activity with trading turnover up by 5.9 per cent to CHF 824.7 billion in the first seven months of 2017.
This trend was also reflected in the number of transactions, which rose by 4.2 per cent to 30,109,594. Turnover averaged CHF 5.7 billion per trading day over this period. There was one additional trading day in the corresponding period in 2016.
There were 4,166,288 transactions on SIX Swiss Exchange last month, generating trading turnover of CHF 102.2 billion. This equates to a month-on-month decrease of 15.0 per cent in
- 03/08/2017
A small hedge fund based in Park City, Utah is using ‘insider information’ to generate impressive returns for investors.
The Insiders Fund, managed by veteran investor Harvey Sax (pictured), has generated one-year returns of 33.02 per cent net of all fees. That performance ranks the Fund amongst the top 20 “Long/Short” hedge funds in the world.
“Everyone knows the best stock market information is inside information,” says Harvey Sax, portfolio manager of The Insiders Fund. “It’s common sense that no one knows a business and its prospects better than the people running it.”
“Most people think that trading
- 03/08/2017
Ransomware threats are on the rise – WannaCry and Petya are just the beginning. To prevent future cyber threats from causing harm, financial and investment firms should employ security practices that include deep layers of protection. Here are five suggestions to keep in mind:
Back up. Unfortunately, hackers initiating ransomware attacks aren’t exactly on the up-and-up. After they’ve stolen your files and demanded a ransom, they claim files will be decrypted and restored – but those promises are typically dishonest. Odds are, even if you pay a ransom (which you shouldn’t!), your files won’t be decrypted. That means backups are
- 03/08/2017
Antipodes Partners Limited (Antipodes Partners), a boutique Australian investment management firm, has launched a UCITS version of its flagship long/short global equity fund.
The Antipodes Global Fund – UCITS, which was launched with AUD125 million of cornerstone assets, has come to the market in response to strong demand from European and Asian investors. It is the first sub-fund of the Pinnacle ICAV, a Dublin-based UCITS umbrella distributed by Pinnacle Investment Management, a leading Australian multi-boutique platform with over AUD20 billion in AUM across its affiliate managers.
A pragmatic value manager of global equities, Antipodes Partners was founded in 2015
- 03/08/2017
Gemini Trust Company has provided Chicago Board Options Exchange (CBOE) and its affiliates with an exclusive global license to use Gemini’s bitcoin market data for bitcoin derivatives and indices.
Gemini is a digital asset exchange and custodian that allows customers to buy, sell, and store digital assets such as bitcoin and ether. Gemini is a New York trust company that is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of the New York State Department of Financial Services.
Under the terms of the agreement, CBOE will have a multi-year exclusive global license permitting it to use
- 03/08/2017
All seven of the MV Index Solutions (MVIS) investable Long/Short Equity Indices recorded positive performance in July.
The MVIS Asia (Developed) Long/Short Equity Index and the MVIS North America Long/Short Equity Index led the way with returns of 1.78 per cent and 1.73 per cent respectively, followed by the MVIS Global Long/Short Equity Index (1.32 per cent) and the MVIS Global Event Long/Short Equity Index (1.31 per cent).
The MVIS All World Long/Short Equity Index returned 1.24 per cent, while the MVIS Emerging Markets Long/Short Equity Index and the MVIS Western Europe Long/Short Equity Index recorded 1.20 per cent
- 02/08/2017
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 150.3 TWh in July 2017, which represents an increase of 75 per cent compared to the previous year (July 2016: 86.1 TWh).
Growth in volumes was observed across spot and futures market segments.
Spot trading volumes in July reached 54.2 TWh , an increase of 35 per cent on the previous year (40.3 TWh). On the Dutch market area TTF, 13.2 TWh were traded, 6 per cent more than in July 2016 (12.5 TWh). The German delivery zones NCG and GASPOOL saw volumes of 18.3
- 02/08/2017
The European Energy Exchange (EEX) and IncubEx are teaming up in a bid to build and improve liquidity in environmental and other related contracts.
In this framework, the partners aim to increase the number of active participants at the exchange and to create a global trading network. The cooperation involves existing environmental products and aims to continuously extend and improve the offering to clients.
EEX has established significant market share in the primary and secondary markets of the European Union Emissions Trading Scheme (EU ETS). Under the cooperation agreement, EEX and IncubEx will join forces in product development, marketing
- 02/08/2017
What started off as a niche trend, whereby start-up fund managers would pick more suite-based technology solutions because they lacked the capital, or manpower, to operate multiple systems, has widened out in recent times.
According to Eric Bernstein (pictured), President of Broadridge Investment Management Solutions: ”What we observe is that now mid-sized and larger hedge funds are also going best-of-suite instead of best-of-breed, for similar manpower and cost reasons. They are looking more closely at the cost of maintaining multiple systems because their margins are getting squeezed.”
The logic is that if they can get multiple functions from a single
- 02/08/2017
By Robin Bedford (pictured), Opus Fund Services – As the rate of change in the fund administration industry continues to increase, the ability to remain nimble becomes of critical importance. In a period of active industry consolidation, failure to remain `relevant’ results in being absorbed into a stronger more dynamic competitor.
Opus was born at the start of the global financial crisis and after a decade of significant investment, we have transformed the fund administration world. Hedge funds and their investors have been a major beneficiary of these changes, with increasingly sophisticated services delivered at a fraction of the historical
- 02/08/2017
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